Key stats
About Tidal Trust II YieldMax Ultra Option Income Strategy ETF
Home page
Inception date
Feb 28, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ULTY seeks current income through option premiums while potentially benefiting from the share price returns of select US stocks subject to investment gain. Utilizing quantitative screens, the sub-adviser selects 15-30 securities based on implied volatility, upcoming events, trading volumes, and liquidity, although it may hold as few as five stocks. Positions are constructed through a blend of traditional and synthetic covered call strategies, with allocations determined based on market conditions and the cost-effectiveness of direct holdings versus synthetic positions. The fund writes call options with a strike price around 15% above the current share price of the underlying securities. Despite its focus on income generation, the strategy inherently limits upside potential beyond a certain threshold. Monthly income is sourced from writing call options, dividends from direct investments, and US treasuries. Regular reviews and active trading may result in high portfolio turnover.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Retail Trade
Stocks88.66%
Technology Services26.17%
Electronic Technology15.54%
Retail Trade13.86%
Finance8.12%
Consumer Durables5.41%
Health Services4.17%
Utilities4.03%
Producer Manufacturing3.31%
Non-Energy Minerals2.86%
Communications2.17%
Bonds, Cash & Other11.34%
ETF10.14%
Mutual fund3.18%
Cash1.57%
Miscellaneous−0.01%
Rights & Warrants−3.54%
Stock breakdown by region
North America96.29%
Asia3.71%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history